Furnished Short-Term Rental
For Sale
$385,000
7593 GATHERING DR #1005, Reunion, FL 34747
Tenth-floor furnished condo with transferable membership and enrollment in the Reunion rental program.
Property Size1,430 SF
Days on Market181
Property Features for 7593 GATHERING DR #1005
General Information
Standard status
Active
Size
1,430 SF
Property subtype
Condo - Hotel
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,621
Amenities
roof top pool
restaurants
coffee shop
Building Details
Building Size
1,430 SF
Year Built
2007
Listing Agency:
REAL BROKER, LLC.
(863) 206-5755
Listed By:
Mark Sayad · License #619776
Source:
Kingofrealestate
Added: Feb 10
Changed: Aug 9
Last Checked: Aug 10 at 9:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REAL BROKER, LLC.
Investment Insights
Based on property information with market context.
This furnished condominium is positioned on the 10th floor of Reunion Grande and was built in 2007. The residence includes a transferable membership and is enrolled in the Reunion rental program, allowing for personal use alongside rental activity. Views extend toward the golf driving range and Disney, with evening fireworks visible from the unit.
Amenities within the building include a rooftop pool, three restaurants, and a coffee shop. The Palmer and Watson clubhouse and the fitness center at Seven Eagles are also within walking distance. The property is located at 7593 Gathering Dr #1005 in Reunion, Florida.
Amenities within the building include a rooftop pool, three restaurants, and a coffee shop. The Palmer and Watson clubhouse and the fitness center at Seven Eagles are also within walking distance. The property is located at 7593 Gathering Dr #1005 in Reunion, Florida.
Key Highlights
- 10th‑floor condominium in Reunion Grande
- Fully furnished residence with transferable membership
- Enrolled in the Reunion rental program
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,561
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$351,220
$351.2K
Cap Rate 7%
$250,871
$250.9K
Cap Rate 9%
$195,122
$195.1K
Market Conditions
NOI Build-Up for 1,430 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.1K $23.88/SF
− Vacancy
−$2.2K −$1.55/SF
EGI
$31.9K $22.33/SF
− OpEx
−$14.4K −$10.05/SF
NOI
$17.6K $12.28/SF
Area
Osceola County, FL
Vacancy
6.50%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$351,220
Cap Rate 7%
$250,871
Cap Rate 9%
$195,122
Alternative Uses
Best Use
Apartment 5plus
$250.9K
$219.5K – $292.7K
NOI $17,561 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$442.2K
$386.9K – $515.9K
NOI $30,952 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 34747, FL
26,560
Population
22,016
Households
1.2
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
43.4 sq mi
ZIP Area
612
Density / Sq Mi
$83,141
Median Household Income
$41,932
Median Earnings
$1,812
Median Rent
$455,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Tenth-floor furnished condo with transferable membership and enrollment in the Reunion rental program.
Where is this short term rental property located?
The property is located at 7593 GATHERING DR #1005 Reunion, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 10th‑floor condominium in Reunion Grande; Fully furnished residence with transferable membership; Enrolled in the Reunion rental program
